According to a new report, the phosphate conversion coatings (PCC) market is expected to reach a market value of over US$ 2,300 million by the end of 2028, growing at a CAGR of 4.0% during the forecast period.
Future Market Insights’ new research report says that PCC (Phosphating) have been the most important surface treatment option till date and the market is now expected to grow at a moderate rate with major application in the automotive segment. PPC have improved corrosion resistance, adhesion, wear resistance, and aesthetic appearance. Growth is evident in the automotive as well as the food and beverage industry.
China is projected to be a major contributor to the growth of global phosphate conversion coatings market as it holds the highest market share and is expected to witness the fastest growth in the global market at a rate of 5.2% during the forecast period.
This story is reprinted from material from Future Market Insights, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
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